Mayfair Manor
Esquimalt, British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1970
- Building size (SF) 13,553
- Size (Ac) 0.5
- Price $6,800,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market
for sale Mayfair Manor, located at 827 Selkirk Avenue in Esquimalt, BC. Mayfair Manor is an institutionally owned and managed 23-unit rental apartment building in one of the most desirable rental markets in Canada. Mayfair Manor contains 23 one-bedroom suites, of which nearly 50% have been renovated.
Highlights
Excellent assumable financing providing interest
rate security until 2030
Held in a bare trust (opportunity for significant
property transfer tax savings)
Approximately $825,000 spent in capital
upgrades since 2017
Brand new roof and full fire safety upgrade
completed in 2022
50% of residential suites extensively renovated
to high quality standards
Additional revenue opportunity from parking
and storage
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